Lucintel's latest market report analyzed that car rental provides attractive opportunities business and leisure travel segments. The car rental market is expected to reach $118.4 billion by 2028 with a CAGR of 8.3%. In this market, leisure customer is the largest segment by customer type. Enhanced user experience through digitization, additional green vehicles in the fleets of rental car companies, and the concept of self-driving instead of hiring a driver provides strategic growth path in this market.
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Based on customer type, the car rental market is segmented into business, leisure and other. The safety and security segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to the rise in air travel and increasing domestic tourism.
Browse in-depth TOC on “Car Rental Market”
73 – Tables
93 – Figures
200 – Pages
The Car Rental Market is marked by the presence of several big and small players. Some of the prominent players offering car rental include Enterprise Rent-A-Car, Hertz Group, Avis Budget Group Inc., Europcar Mobility Group, Sixt SE, Localiza Rent a Car, Ichinen Holdings, Redcap Tour, and Empresas Tattersall.
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